Have a variable rate RRSP? You could be earning more!

Switch from a variable-rate RRSP to Investment Shares and get better returns (average 3.30%*) plus regular investment bonuses of up to 0.25%**.

Do you want to get more from your investment portfolio?

Get access to preferred investment rates, member-only perks, and special discounts on loans with the Member-Owner Rewards (MOR) program. As a member-based organization, we are always looking for new ways to support your financial growth while strengthening the credit union as a whole. The MOR program does just that, by giving you access to financial perks and discounts just for investing in Luminus’ already high-performing Investment Shares offer.

What rewards can I unlock with the MOR Program?

With a minimum of $1,000 purchase of Investment Shares , you will be eligible for a range of rewards including:
  • Investment bonuses of up to 0.25% **
  • Special discounted rates on new loans ** and services
  • An average 3.30% * dividend on your Investment Shares each year
  • A $50 gift card of your choice from our list of preferred vendors
Value of owned Membership Shares and/or Investment Shares

$1,000 to $10,000

$10,001 to $25,000​

$25,001 to $50,000

$50,001 and over​

Discount or Bonus from Posted or Campaign Rate

0.10% annually​

0.15% annually​

0.20% annually​

0.25% annually​

Value of owned Membership Shares/Investment Share and associated discount/bonus from posted or campaign rates

$1,000 to $10,000 > 0.10% annually

$10,001 to $25,000 > 0.15% annually

$25,001 to $50,000 > 0.20% annually

$50,001 and over > 0.25% annually

Just some of the products your MOR discount could apply to:

  • New lines of credit
  • Car loans
  • Travel loans
  • Business loans
  • RSP rates and RSSP Loans

In addition, Luminus will cover the cost of mortgage appraisals for those eligible for MOR rewards.

* Dividends are if, as, and when declared by the Board, and are not guaranteed. Past payment of dividends is not an indicator of the likelihood of future payment of dividends, or the rate at which any future dividends will be declared. Investment Shares are not insured by the Financial Services Regulatory Authority of Ontario (FSRA).

** Bonus rates and discounts are based on the amount of Investment Shares held. Does not apply to residential or commercial mortgages. 

† Investment Shares are available to a per-member cap of $150,000. Investment Shares can only be redeemed by the shareholder after a minimum 5 year period, and to a maximum of 10% of the outstanding Investment Shares of the appropriate series according to Luminus’ audited financial statements for its previous fiscal year. This is not an offering statement.

Get MOR for your portfolio

Don’t miss out on this unique opportunity to take control and get MOR with your financial portfolio. Invest in the future of Luminus Financial and tap into a unique set of discounts on a number of our most popular loans and services. Become a MOR member today!